Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals. It also produces indium and germanium. In addition, the company holds interest in Frontier oil sands projects in the Athabasca region of Alberta; and owns interests in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.
Teck Resources Price Performance
TECK Stock opened at $30.92 on Tuesday. The stock has a market cap of $16.13 billion, a PE ratio of 3.84, a P/E/G ratio of 2.14 and a beta of 1.15. The company has a current ratio of 1.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.25. Teck Resources has a 12 month low of $19.32 and a 12 month high of $45.90. The company has a 50-day moving average price of $32.72 and a 200 day moving average price of $36.36.
Teck Resources (NYSE:TECK - Get Rating) (TSE:TECK) last announced its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $3.25 earnings per share for the quarter, topping the consensus estimate of $2.01 by $1.24. The firm had revenue of $5.79 billion during the quarter, compared to analysts' expectations of $5.59 billion. Teck Resources had a net margin of 28.90% and a return on equity of 23.73%. The company's revenue was up 126.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. Equities research analysts anticipate that Teck Resources will post 6.87 earnings per share for the current year.
Teck Resources Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th will be paid a $0.097 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 1.25%. Teck Resources's payout ratio is currently 4.97%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Stifel Nicolaus cut their price target on Teck Resources from C$68.00 to C$62.00 in a research note on Tuesday, July 19th. TheStreet upgraded Teck Resources from a "c+" rating to a "b-" rating in a research note on Friday, May 27th. CIBC raised shares of Teck Resources from a "neutral" rating to an "outperform" rating in a report on Wednesday, June 15th. Clarkson Capital reaffirmed a "neutral" rating on shares of Teck Resources in a report on Tuesday, June 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Teck Resources from $48.00 to $47.00 and set a "buy" rating on the stock in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Teck Resources has an average rating of "Moderate Buy" and an average target price of $50.13.